WOTS THU MAY 13 21
Due to Technical Difficulties there is no My Fx Buddies Podcast
But these are the articles I covered on it had it been posted:
Al-Kazemi: I fulfilled my promise to the Iraqi people
On Thursday, Iraqi Prime Minister Mustafa Al-Kazemi said he kept his promise to the people not to run in the upcoming elections.
This came in a televised speech on the occasion of Eid al-Fitr and the anniversary of the formation of his government.
Al-Kazemi said, “I stand before you today, a year after I took the oath as Prime Minister. The government that I had the honor to preside was born in an exceptional and dangerous circumstance.”
He explained that "Iraq was standing at a crossroads due to a severe social crisis," adding, "Our main mission is to conduct fair and just elections."
Al-Kazemi added, "We have set the 10th of October this year as a deadline for these early elections. My government has provided all support for the success of the elections."
He called on the political forces and parties to "evoke the essence of this nation and join hands together to protect it," noting that "the forces that have fought the harshest dictatorships of the modern age are undoubtedly worthy of fulfilling this historical responsibility at this critical stage."
"Our great people, with all their social, youth, religious and cultural activities, are called to support participation in the elections," he said.
Al-Kazemi added, "We fulfilled our pledge before our people by declaring not to participate in the elections or support any party or party at the expense of the other."
He indicated that his government will play its role in protecting the upcoming electoral process.
The US embassy in Baghdad, on behalf of Biden and Blinken, launches a package of pledges to the Iraqis
On Thursday, the US embassy in Iraq congratulated on behalf of the President of the United States (Joe Biden), the Secretary of State (Anthony Blinken), Ambassador (Tueller) and the American people on the arrival of Eid al-Fitr.
The embassy said in a statement received by Shafaq News, “We in the United States’ mission in Iraq are aware that Iraq faces a number of difficult challenges, just like many countries. As the Corona pandemic continues to cast a heavy shadow over the entire world, disturbing our lives and business, and many will celebrate. On this occasion without their families. "
"We are working with our Iraqi partners to help ensure that Iraqis feel safe in their homeland as well as revitalize the economy," the statement added.
The statement added, "Through the US-Iraqi partnership, we move forward together. Together, we are making progress in combating the Corona virus. Together, we work to repair what has been affected by ISIS and help the displaced to return to their homes. Together, we are looking for new ways to develop the Iraqi economy and face the challenges of change." the climate".
"There is a lot of work to be done, but we have come a long way and the United States remains committed to our partnership with the Iraqi people as we work towards our common goal of a secure, stable and prosperous Iraq," the statement continued.
Cabinet Secretariat: The Eid holiday begins Thursday and ends next Sunday
this is not Sistani though so it could change
link
The General Secretariat of the Council of Ministers decided today, Wednesday, the days of the blessed Eid Al-Fitr holiday.
The secretariat said in a statement that Mawazine News received, a copy of it, “The blessed Eid al-Fitr holiday begins on Thursday May 13, 2021 and ends on Sunday May 16, 2021, provided that the procedures for imposing a comprehensive curfew continue.
Approved by the Council of Ministers, up to 22/5/2021.
Al-Dahlaki: The current three presidencies will not be repeated for a second term
The leader of the Alliance for Progress, Representative Raad Al-Dahlaki, said today, Wednesday, that the current three .presidencies will not be repeated for a second term after the elections scheduled for next October
The elections scheduled for next October will not take place for several reasons, including fugitive weapons and" .others," Dahlaki said in a televised statement that he (Baghdad Today) watched
He added, "Parliament Speaker Muhammad al-Halbousi, President of the Republic Barham Salih and Prime Minister ".Mustafa al-Kazemi will not repeat their second term after the elections
Iraq agrees with China to invest gas in Maysan
The Ministry of Oil revealed, on Wednesday, that it was holding talks with the United States and China to invest gas in Dhi Qar and Maysan, while indicating that the Karbala refinery will work to stop the import of oil derivatives.
A spokesman for the Ministry of Oil, Assem Jihad, said in a statement that “ Iraq has achieved through investing in gas up to 1500 million cubic meters per day, and as a result the Ministry of Oil started to develop plans, including announcing an investment plan worth 3 billion in the Basra Oil Company. , Which will achieve an increase in gas investment, as well as an increase in production up to 40% of national production.
Assem added, "The ministry will soon sign with Baker Hughes, one of the arms of General Electric Company, to invest all the gas in Dhi Qar Governorate," indicating that "the ministry has agreed with a Chinese company for gas investment located in Maysan Governorate."
He added that "the governorates of Maysan and Dhi Qar will add up to 500 million cubic meters per day," noting that "there are advanced discussions with Total in the Artawia gas investment field, and as a first stage they will start with an increase in production up to 300 million cubic meters in a record time, and this would "This will be reflected on gas investment, which will positively affect national gas production."
Regarding Mustafa Karbala's file and efforts to achieve self-sufficiency in oil derivatives, Jihad said, "The ministry has made a great achievement in the Karbala oil refinery project in the Karbala province, which is one of the most promising projects and a quantum leap in the manufacturing industry and refineries."
He added that "the Karbala refinery is integrated in terms of infrastructure, as well as the technology used in this project, which comes within European specifications, which would meet a large part of the Iraqi national production and fill the local need." Residues of more than 50% or less of black oil, and all of its production is white, high-specification, environmentally friendly products.
Jihad pointed out that "the completion rate of the Karbala refinery project is currently about 90%, and it is hoped to start the stages of trial operation early next year, which will stop the import after operating this refinery, in addition to other projects."
Saudi companies prepare to launch giant investments soon in Iraq
The businessmen explained in a press statement that "some Saudi companies specialized in raising livestock and cows have presented to the Iraqi government the idea of investing 4 million dunums in the Western Desert between Anbar Governorate, passing through the cities of Karbala and Najaf to the Samawah Desert, with a contract extending for more than 50 years to cultivate." agricultural and cattle breeding crops.
for his part, Mohammed predicted leader Vice Chamber of Commerce and industry Chairman of Riyadh, to witness the Saudi - Iraqi relations prospects welcome , especially in the field of economic, commercial and investment cooperation, pointing out that the visit of Prince Khalid bin Salman , deputy Minister of Defense, Iraq, come under Continuous integration, communication and coordination between the two countries, pointing out that it is a visit that supports closer relations at all levels, including economic ones.
The guide added that "the opportunities for integration between the Kingdom and Iraq are great." Other areas that we will soon see their fruits ... The Iraqi market is large and Saudi products are well received in it. "
For his part, Abdullah Al-Melehi, President of {Tamayouz} said: "There are promising opportunities for Saudi products in the Iraqi market, as the Iraqi market is one of the great opportunities for Saudi products. In sharing borders with Saudi Arabia, an opportunity to export the Saudi product with the facilities provided by the Kingdom through The Saudi exports program to open new markets for manufacturers in the Kingdom, in addition to supporting the Kingdom’s government and the leadership’s keenness to build relationships in various fields.
Al-Melehi added: “The Iraqi market is promising and there are many export opportunities that national companies can benefit from,” adding that “the volume of Saudi non-oil exports to the Republic of Iraq amounted to 2.6 billion riyals ($ 693.3 million) during the past year 2020, while topping the list of the most prominent sectors. The exported building materials activity amounted to 859 million riyals (229 million dollars), and the foodstuff activity with a value of 790 million riyals (210.6 million dollars). "
Al-Melehi pointed out that "there is a tendency to offer investments in the oil and gas field to Saudi companies, indicating that discussions are underway with the concerned authorities to clarify investment opportunities, as investors are always looking for specific opportunities or privileges to bring them to the market, especially after the Saudi Export Bank announced granting investors financing for the field." Exports are a factor that attracts investors, "noting that" both Saudi Arabia and the UAE have allocated more than 6 billion dollars to invest in Iraqi lands, strengthen economic relations and create new opportunities for cooperation and partnership. "
Al-Melehi explained that "there are Saudi investment projects currently in the Iraqi cities of (Anah) and (Al-Qaim)," indicating that "there are investments that Saudi companies will soon launch in Iraq in the fields of manufacturing, agriculture and various projects, while Saudi investment companies offered specializing in livestock breeding and cows on the Iraqi government 's idea to invest 4 million acres in located between the Anbar province , passing through the cities of Karbala , Western Sahara and Najaf access to the desert of Samawah, a contract extends to more than 50 years for the cultivation of agricultural crops and cattle breeding.
He Malihi: "among the investments The Emirati and Saudi companies will implement them by producing some domestic industries in Iraq, as joint factories between Iraq and these two countries will be implemented ... Also one of the most important investment projects is the interest in electric power projects from Saudi Arabia and the United States.
Below here is the regular WOTS "Word on the Street Report" for the day:
Stock market halt when trading gives the dollar stability in Baghdad and Erbil
Today, Thursday (May 13, 2021), the main dollar exchange in Baghdad and the Kurdistan Region stopped trading due to the ban imposed in Baghdad and the Eid holiday in the Kurdistan Region.
The correspondent of (Iraqi Media News Agency / INA) said that the dollar prices in the exchange shops in the local markets in Baghdad, some of which opened their doors, witnessed today stability, as the selling price reached 148,500 Iraqi dinars, while the purchase prices reached 147,500 dinars per 100 US dollars.
Our correspondent indicated that the main stock exchange markets in Baghdad will remain closed until the end of the curfew in Baghdad, which is scheduled to end on May 22, while the Kurdistan Regional Stock Exchange will open immediately after the Eid.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1439.5000 |  1489.1000 | 1457.0000 | 1454.7000 | 1456.0000 | -0.5000 | 06:07 |
| USD/VND | 23040.0000 | 23060.0000 | 23039.5800 | 23030.9300 | 23030.9300 | 10.1300 | 00:09 |
| USD/CNY |  6.4539 | 6.4559 | 6.4564 | 6.4473 | 6.4555 | -0.0015 | 04:53 |
| USD/KWD | 0.3005 | 0.3015 | 0.3008 | 0.3008 | 0.3008 | 0.0000 | 00:18 |
| GBP/USD | 1.4027 | 1.4027 | 1.4077 | 1.4022 | 1.4051 | -0.0025 | 04:57 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14338.0000 | 14339.0000 | 14365.0000 | 14292.0000 | 14347.0000 | -10.0000 | 04:55 |
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Oil is down from an 8-week high and Brent is near $ 68
Oil prices retreated today, Thursday, from their highest levels in 8 weeks, as concerns about the Corona virus crisis in India, the third largest importer of crude in the world, caused a decline in a rally that was supported by the expectations of the International Energy Agency and OPEC for a strong return to demand.
By 04:44 GMT, Brent crude lost 66 cents, equivalent to 1%, to $ 68.66 a barrel, after it had risen 1% on Wednesday. West Texas Intermediate fell 67 cents, or 1%, to $ 65.41 a barrel, after rising 1.2% in the previous session.
"The trajectory for crude prices appears to be bullish, but until the situation in India improves, West Texas Intermediate may struggle to overcome the highs of early March," Oanda's chief market analyst Edward Moya said in a note.
The International Energy Agency said in its monthly report yesterday that oil demand already exceeds supply, and that it expects the gap to grow even more if Iran raises exports.
And the previous day, the Organization of the Petroleum Exporting Countries (OPEC) adhered to its forecast of a strong return to global demand for oil in 2021, with the impact of growth in China and the United States dominating the impact of the Corona virus crisis in India.
But global concern is growing about the situation in India, the second most populous country in the world, as a strain of the Coronavirus is sweeping rural areas in the harshest 24 hours since the pandemic began.
Al-Kazemi is preparing to conduct a ministerial change in his cabinet ... Do the political blocs agree or hinder?
link
Prime Minister Mustafa Al-Kazemi revealed that a cabinet reshuffle will soon take place, but observers have ruled out obtaining the approval of the political blocs for this step, which may make achieving it difficult during the current period
A clear failure, and failure to perform the tasks entrusted to some ministers, is what Prime Minister Mustafa Al-Kazemi diagnosed in his cabinet a year after its name, and who spoke about an upcoming cabinet reshuffle. Observers expect it to include economic and security ministries
The current ministerial cabinet was not without touches of political quotas, and it is the latter itself who will obstruct the step of the ministerial change that the prime minister desires, especially since the life of the government has only a few months left.
Cabinet Secretariat: The Eid holiday begins Thursday and ends next Sunday
this is not Sistani though so it could change
link
The General Secretariat of the Council of Ministers decided today, Wednesday, the days of the blessed Eid Al-Fitr holiday.
The secretariat said in a statement that Mawazine News received, a copy of it, “The blessed Eid al-Fitr holiday begins on Thursday May 13, 2021 and ends on Sunday May 16, 2021, provided that the procedures for imposing a comprehensive curfew continue.
Approved by the Council of Ministers, up to 22/5/2021.
CBI Update: Just a note:
including $0. CASH
ISX Update: CLOSEDShares Traded: not updated for todayValue Traded: not updated for today
5-11-2021 Newshound Guru MilitiaMan Article: "The Parliamentary Finance Committee revealed, on Tuesday, a Kurdish delegation's visit to Baghdad ." Quote: "The mission of the delegation that will visit Baghdad is to agree on the mechanism for implementing Article 11 of the Federal Budget Law." I imagine they will have a mechanism front and center right after Eid A - Fitr. ...The mechanism, i.e., an exchange rate is or may be calculated based over time and averaging, in some cases, imo...Regardless the topic is the mechanism and that my friends is a big deal! They want to know what rate at which to calculate now...imo...I'll bet once they see the mechanism they'll be dancing in the streets...lol imo...me too...ha!
5-12-2021 Intel Guru Frank26 You have to try your best to understand there is a difference between "passed" and "activated". Yes the budget is passed but it is not activated because it does not have the exchange rate...
5-12-2021 Newshound Guru Pimpy Article: "Biden extends the "state of emergency" in Iraq and Syria for another year" What does that mean? That's Biden's way of saying to the international community, 'Be careful going into Iraq . I wouldn't invest there. It's not stable yet.' He's still saying they're in a state of emergency. That's what this means. It isn't good.
5-12-2021 Newshound Guru MilitiaMan Article: "Al-Kazemi refers to an "unprecedented" security coordination between Baghdad and Erbil: it will curb terrorist attacks" Quote: "Baghdad is now in the final stage of approving and distributing the budget sections, and Kurdistan's share will soon reach Erbil." The kurdistan share is to reach Erbil... There is enough support now that they should have smooth sailing... They have plenty of resources to cover a very healthy and strong currency...imo
5-12-2021 Newshound/Intel Guru Petra We have the BUNA activity on the 6th. We now have the ISX closing until the 23rd. That is a Sunday. That is the first opportunity for trading after 'clearing the books', the first opportunity if the CBI wanted to be vocal - This is all theory. This is all opinion. But they could around the 20th come out with some sort of announcement of a mechanism that could change the world for Iraq...They are clearly working quickly towards the conclusion...it's getting really clear to me that the future is before us.
5-12-2021 Intel Guru MarkZ [Why hasn’t Iraq revalued yet?] I believe Iraq has done everything they need to do…i believe they have not revalued yet because they need to pull the trigger with the GCR to take advantage of the gold treaty and get a higher value. At the same time my contacts on the ground in Iraq say that if the GCR doesn’t happen soon Iraq is going to go without them…go solo…and deal with a lower value.
5-12-2021 Intel Guru Frank26 The first quarter is where we felt the process...phase 1, 2 and 3 were being done. They were accomplished IMO...we feel deep in our hearts in that first quarter they accomplished all 15 items. These items are actually being implemented/activated...all these things you have seen with us that have been passed and accomplished...they are waiting for just one thing...the rate.
5-12-2021 Newshound/Intel Guru Mnt Goat Remember a year ago when politicians came forward and told us that they could not do the “project to delete the zeros” because of the issue of funding the project. Of course, back then we didn’t believe this nonsense either but oil was at a decade long low, so we backed off on too much criticism. But what about now? Now oil is hovering between $60-70 and they budgeted at $45. Oil is projected to reach maybe $80-90 this summer. What will Iraq do with all this money? Will they seize the opportunity to finally rebuild their country and bring in the investors?
5-12-2021 Newshound Guru MilitiaMan Lets see if they iron out the kinks this week. The Government bears the responsibility in paying dues, yet, lets see what do, as they have a political agreement to sort things out. Even the pressure from SA is noticeable...They would be wise to not have another meeting about investments unless of course they meet over the successes from the outcome, that is to come from them...imo. Everyone in the ME and around the world is watching and waiting for them to set the terms (mechanism) for international trade...imo...It is coming.
************ ARTICLE 1 (from PM Kadhimi's website) At the time this report was submitted, there are no new articles posted o PM Kadhimi's website. ************* ARTICLE 2 (from Government of Iraq twitter account) 5-12-2021 around 9:45 am Eastern The @IraqiGovt is focused on offering investment projects according to the competitive advantage of each governorate to provide new job opportunities for Iraqis and support local products. Watch this interview with Chairwoman of the National Investment Commission Suha Al-Najjar: ************* ARTICLE 3 Al-Ghanimi confirms the intensification of field and intelligence work to enhance security and stability 06:16 - 12/05/2021 Baghdad - Mawazine News The Minister of the Interior, Othman Al-Ghanimi, stressed, on Wednesday, the need to intensify field and intelligence work in order to enhance security and stability in the country. The media office of the Minister of Interior stated, in a statement that Mawazine News received a copy of, that “Al-Ghanmi chaired a meeting at the Federal Police headquarters that included the Deputy Minister for Police Affairs, the Assistant Undersecretary for Federal Security Affairs, the Minister’s Adviser, the Director of the Minister’s Office, the Baghdad Operations Commander and the Police Commander. The federation and a number of commanders and officers, to discuss the security situation in general and the preventive curfew measures. Al-Ghanmi said, "The Prime Minister praises the employees of the Ministry of Interior and what other security agencies do," stressing "intensifying field and intelligence work in order to enhance security and stability in the various regions of the country." He directed the competent authorities to "pay attention to the families of the martyrs, organize field visits for them, and communicate with them constantly to meet their needs and demands," instructing a set of recommendations that will develop security work and provide the best services to citizens. ************* ARTICLE 4 Saleh congratulates the advent of Eid al-Fitr and calls for the disavowal of division 08:23 - 12/05/2021 Baghdad - Mawazine News The President of the Republic, Barham Salih, congratulated, on Wednesday, on the occasion of the blessed Eid al-Fitr, while calling for the rejection of division and upholding the principle of citizenship. Saleh said, in his tweet on the "Twitter" platform: "On the day of the blessed Eid Al-Fitr, I extend my warmest congratulations to our people who are facing challenges with more solidarity, tolerance and compassion, and I salute especially the families of the martyrs, and we are all proud of what their children have offered for the sake of dignity and freedom." He added, "Let our days be accompanied by a national will to protect our coexistence and security, reject division and uphold the principle of citizenship." ************* ARTICLE 5 A list of addresses for the Rasheed Bank branches that will open their doors during the Eid 2021.05.12 - 18:06 Baghdad - People Al-Rasheed Bank announced, on Wednesday, the opening of a number of its branches during Eid Al-Fitr. The media office of the bank said in a statement that "Nass" received a copy of it (May 12, 2021), that "in order to continue providing service to the bank's customers, Rasheed Bank, with the direction of the General Manager, decided to open a number of bank branches during the blessed Eid al-Fitr." He explained, "The work will continue during the days of Eid to pay the dues and salaries of Nakheel card holders, and the dues of the outlets and sfateh and oil products, as follows:" 1 Baghdad (Al-Bayaa / Al-Yarmouk / Twentieth Revolution / Al-Imam Al-Azam) 2 Babil Branch (Hilla) 3 Karbala Branch (Al-Hussein) 4 Najaf Branch (Al-Rawdah) 5 Diwaniyah (Euphrates) 6 Muthanna (Samawah) 7 Wasit (Wasit) 8 Maysan (Dignity) 9 Tamim (June 1) 10 Dhi Qar (Arado) 11 Basra (Al-Qurnah / Al-Zubair / Al-Thawra Street) 12 Anbar (Haditha / Hit / Amiriyat Al-Fallujah) 13 Saladin (Shishin / Samarra) 14 Diyala (Ashnona / Khanaqin) 15 Nineveh (the island) |
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